Private
rent data is from the Office for National Statistics’ Price
Index of Private Rents (PIPR). Scotland rents data are mainly for
advertised new lets. In-tenancy rental price increases in Scotland have
been capped since late 2022. Advertised lets are not subject to the
recent price cap, so the cap will be less reflected in these statistics.
This is likely to lead to over-estimation in stock prices and indices
for Scotland since late 2022.
Housing affordability uses the house price data
above alongside weekly median gross employee
earnings data from the Annual Survey of Hours and Earnings.